“Many are actively making things worse by slashing taxes and scrapping labor rights,” she added.

Oxfam said that governments should focus on policies that would lead to fairer distribution of wealth and stronger workers’ rights.

These could include introducing a living wage, supporting labor unions and tackling gender discrimination.

Governments also need to tackle tax avoidance and put limits on shareholder returns and executive pay, Oxfam said. The group argues companies should not issue dividends to shareholders unless they pay their workers a living wage.

Oxfam also said that tax policies should be used to reduce extreme wealth.